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SportTrac Discussion
General Sport Trac Discussion
Biggest holders of U.S. debt
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<blockquote data-quote="Richard L" data-source="post: 982051" data-attributes="member: 52972"><p>Bill V.</p><p></p><p>Great post! Very interesting to note that we have all been led to believe that China was our biggest creditor, when it is actually our own Federal Reserve system? How can we be in debt to ourselves unless there is something bogus about our true net worth? </p><p></p><p></p><p></p><p>There has been a lot of talk that since Nixon took the US off the Gold Standard and shifted our economy to currency, that our entire financial system is a sham with no real way to assess our true wealth.</p><p></p><p></p><p></p><p>...Rich</p></blockquote><p></p>
[QUOTE="Richard L, post: 982051, member: 52972"] Bill V. Great post! Very interesting to note that we have all been led to believe that China was our biggest creditor, when it is actually our own Federal Reserve system? How can we be in debt to ourselves unless there is something bogus about our true net worth? There has been a lot of talk that since Nixon took the US off the Gold Standard and shifted our economy to currency, that our entire financial system is a sham with no real way to assess our true wealth. ...Rich [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Biggest holders of U.S. debt
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